Our Mission
To empower brighter financial futures and strengthen communities through extraordinary service and genuine connection, one Member at a time.
We're a credit union, not a bank.
Credit Unions are not for profit financial cooperatives built to improve the financial lives of the members they serve. Unlike banks, we have no outside stockholders, so we operate solely for the benefit of our Members. Because of this structure and focus, we typically charge fewer fees than banks, in addition to having competitive rates.
Membership Eligibility
If you live, work or worship in any of our 40 qualifying counties or are an immediate family member* of someone who lives, works, or worships in any of those same counties, you are eligible for membership! Your $5 savings deposit gives you full membership benefits and makes you an owner with a stake in Hoosier Hills Credit Union.
Our History
Hoosier Hills Credit Union grew from the break room of the GM Central Foundry in Bedford, Indiana, with early shares being stored in a cigar box. It was formally organized as Bedford Independent Federal Credit Union in 1969. Fifty years from its humble beginnings, Hoosier Hills Credit Union has grown to over $900 million in assets, serving over 36,000 members with the same mission–the financial wellness of its Members.
Why Bank with Us?
We’re a credit union, not a bank. That means those who bank with us are owners (we call them Members) and we return profits to them. With our great rates and lower fees, we don’t just think we can save you money, we can prove it.
To understand all the benefits of a Hoosier Hills Credit Union membership, check out our digital New Member Guide, and then open an account at any one of our convenient Service Centers!
Member Value
We’ve always believed that we offer you a better overall value than banks, so we decided it was time to prove it.
We worked with Informa, a national, independent research firm, to compare our account rates and fees with those of leading banks in our primary market areas. When the calculations were done, Hoosier Hills members collectively saved more than $8 million a year simply by having their accounts with Hoosier Hills versus a leading bank. That’s an average of $353 of annual savings per member!
We Listen
We make our decisions locally and take the time to get to know your individual situation. No two Members are the same, and we work hard every day to do right by each of them.
There is no financial institution quite like a credit union. While credit unions are similar to banks in product and service offerings, their structure and mission are very different.
| Credit Unions | Banks |
|---|---|
| Not-for-profit | Profit-oriented |
| Profits return to members as lower loan rates, higher deposit rates, and lower/fewer fees | Profits return to a small group of stockholders |
| Invests directly back to members | Invests in corporate bonds or the stock market |
| Serves specific group based on employment, geography, or association. (Hoosier Hills Credit Union serves 35 counties in Southern Indiana) | Serves general public |
| Credit unions are run democratically by a volunteer board of directors elected by and from the membership. Each person who deposits is a member with a voting right. | Only investors have voting privileges. Customers cannot be elected to the board, don’t have voting rights, and have no authority in the overall governance of their bank. |
| Accounts insured up to $250,000 by NCUA. Hoosier Hills Credit Union also offers $250,000 in additional Excess Share Insurance to member accounts, for a coverage total of up to $500,000. | Accounts insured up to $250,000 by the FDIC. |
Switching to HHCU
Switching your accounts to HHCU is simple. Follow these easy steps and complete the forms below.
- Open your account at HHCU! You can do this by: Visiting any of our Service Center locations. Our experienced representatives will take the time to learn your unique situation and recommend the right accounts for you. You can also open your account online by visiting hoosierhills.com and choosing Bank with Us. Our online account opening tool will walk you through opening your new account step by step. Contact our Contact Center at 800.865.2612, and they will assist you in opening your account virtually.
- Make sure your accounts are balanced with your former financial institution, then close them. Be sure to leave sufficient funds in your current account long enough for outstanding checks and automatic withdrawals to clear.
- Switch your automatic deposits. Complete the Automatic Deposit Form for each automatic depositor. Give a copy to your employer, or other regular depositor.
- Redirect your automatic and online payments. Complete the Automatic Payments Form to change any automatic withdrawals or payment services. Give a copy to each company or organization that makes automatic withdrawals from your account.
- Close your old account. Complete the Account Closing Request Form to instruct your old financial institution how and where to send a check for any remaining funds.
*Immediate family is defined as the spouse of an individual, the individual’s minor children, and any of the individual’s children, including adults, residing in the individual’s home.